If I invest and don't need the money for at least 5 years, should I be looking at income or growth?
21 March 2022
Question by Karen
I'm 60 this year. I work self employed, part time. I have no ISAs, cash or stocks and shares. I won't need the money for at least 5 years. Should I be looking at income or growth? I'm also thinking of a robo option - is that a wise choice?
Answered by Bodie Dove
Thank you for your question.
The question regarding income or growth will largely be determined by your own individual circumstances. Your timescales for requiring the funds may be suitable for investment but I would need to know your full circumstances before I could make any kind of informed recommendation.
If you were to engage with a financial adviser they would be able to provide you with a holistic review of your current circumstances before providing you with tailored advice to help you meet your future goals and objectives. This may be a more advantageous route that robo advice.
I hope that this helps.
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